President to intervene in market affairs again

18 July 2012 01:09 pm - 15 - {{hitsCtrl.values.hits}}

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The Commissioners of the Securities and Exchange Commission (SEC), Director Board of Colombo Stock Exchange (CSE), members of the Colombo Stock Brokers Association (CSBA) and several high networth stock market investors have been called for a special meeting by the PresidentMahinda Rajapaksa to discuss the current situation of the Colombo bourse, Mirror Business reliably learns.

According to informed sources, letters have been sent to the above bodies by the Presidential Secretariat calling for a special meeting which is to be held this Friday at 10.30 am.

Amongst the high net worth investors invited are, Dhammika Perera, Nimal Perera, Dilith Jayaweera and Ajith Devasurendra.

This will be the second time the country’s President interceding in matters regarding the Colombo bourse directly.

President Rajapaksa met with brokers and some powerful high net worth investors for the first time in November, last year, which ultimately resulted in the resignation of the then ‘no- nonsense’ SEC Chairperson, Indrani Sugathadasa and Director General Malik Cader. (MIrror Business)

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Comments - 15

Felix Thursday, 19 July 2012 02:06 AM

"Intervene" means it is not going to be "independant". The market will crash soon. Just remove that silly act and the investor confidence will grow. It is just the bad governance of the country by the rulers.

Asaranakolla Thursday, 19 July 2012 02:05 AM

"naduth ape hamuduruwange baduth ane hamuduruwane!!!" some kind of bucket... MR is a good market player for making cakes without putting its ingrediants. When will this bloody drama ends???

janaka Thursday, 19 July 2012 02:20 AM

President never run so much as a king coconut stall?

CHANDRAPALA Thursday, 19 July 2012 02:13 AM

This is very dangerous move. If President can do every things better than others why country needs such a massive ministers

Anil Wednesday, 18 July 2012 03:53 PM

In the past high net worth individuals were people with" old money". Now they are new rich who have made money thru market manipulation.

Investor Wednesday, 18 July 2012 03:48 PM

What is better ? To meet the punters or the business community to help them gorw their business ?

Imran Hussein Wednesday, 18 July 2012 04:34 PM

What more there to intervene. All those mess are because of his interventions. What does he know first and foremost?

Kiris Baba Amaray Wednesday, 18 July 2012 04:57 PM

Mr. President, since you don't know much about Market values, it is advisable you to take Mr. Harry J, he will teach you this subject.

Godagampala Rohana Wednesday, 18 July 2012 05:01 PM

Sorry to say MR, you and your party is the main cause for the falling down of our Stock Market.

Broker Wednesday, 18 July 2012 05:22 PM

Dilith represents Duminda Silva in the absence of his brother Raynor .

Shamini Wednesday, 18 July 2012 06:40 PM

Coming colors not good!

gamarala Wednesday, 18 July 2012 08:25 PM

message is invest in the govt and the govt will gurantee high net worth peoples investments will blossom

Sanjay Wednesday, 18 July 2012 09:56 PM

The last time this happened listed companies were handed over to the government. I lost my investment in Pelawatte sugar, not even a cent of my hard earned money. This time which companies "shares" will be handed over to the government without a cent being given in return???? Steal from the poor and make the rich richer is the right attitude really!!!!!!!

Suny J fm Mellbourne Wednesday, 18 July 2012 10:21 PM

I dont know whther to laugh or cry.....??? Vary interesting set of names .....??? keep your fingers crossed..????

wedige Wednesday, 18 July 2012 11:57 PM

OH - He is going to use his Gold Hand to control CSE - New kind of Economics (I wish Bandula is teaching him too).

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President to intervene in market affairs again

Comments - 15

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